Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of $2024,$ her accountant computes her accrual basis income that is used on her tax return. For $2024,$ Selma had cash receipts of $$1,400,000,$ which included $$200,000$ collected on accounts receivable from $2023$ sales. It also included the proceeds of a $$100,000$ bank loan. At the end of $2024,$ she had $$250,000$ in accounts receivable from customers, all from $2024$ sales.